Scott Sayres, communications director for Phoenix-based Honeywell Aerospace, said the company is “implementing some short-term cost controls in light of the slower global economy and recent aerospace industry-wide market challenges and volatility as noted by many of our biggest customers.”

Despite asking employees to take the unpaid week off, Sayres said Honeywell is “confident” in its long-term growth.

This will not be the only week employees have been asked to take off with no pay. In November, employees were asked to take a week between Thanksgiving and Christmas.

Honeywell said slow economic growth and decreased funding from the Department of Defense as reasons for the November request.